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AMD rumored to sell 20% stake of itself to investment firm Silver Lake

Private equity firm Silver Lake will reportedly secure a 20% stake in AMD
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Sep 11, 2015 3:25 am

Earlier today we reported that AMD had split off its GPU division that's behind the Radeon line of video cards into the Radeon Technology Group, but now we're hearing whispers that the chipmaker is selling a 20% in itself to private equity firm Silver Lake.




Fudzilla is behind the report, which is just a rumor right now but the site is saying that "multiple, independent industry sources that want to remain anonymous" are behind this report. Silver Lake pushes itself as a global leader in technology investing, where it has put money into giants like Alibaba, Avago, GoDaddy, Motorola Solutions, Opera Solutions and now AMD is on its radar.


With AMD now on a new road with its announcement of the Radeon Technology Group, mixed with the rumors that AMD is preparing another set of restructuring that will be announced soon, this 20% stake could give AMD some much needed money for R&D that will bear fruit in the future.


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